Midwest Professional Planners LTD. Invests $346,000 in Teradyne, Inc. (NASDAQ:TER)

Midwest Professional Planners LTD. bought a new position in Teradyne, Inc. (NASDAQ:TER) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 2,747 shares of the company’s stock, valued at approximately $346,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Atala Financial Inc purchased a new stake in shares of Teradyne in the 4th quarter worth about $47,000. Parnassus Investments LLC boosted its stake in Teradyne by 8.4% in the 4th quarter. Parnassus Investments LLC now owns 242,068 shares of the company’s stock worth $30,481,000 after purchasing an additional 18,733 shares in the last quarter. Impact Capital Partners LLC bought a new position in Teradyne in the 4th quarter worth about $507,000. Skandinaviska Enskilda Banken AB publ boosted its stake in Teradyne by 98.5% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 59,623 shares of the company’s stock worth $7,552,000 after purchasing an additional 29,587 shares in the last quarter. Finally, Erste Asset Management GmbH boosted its stake in Teradyne by 9.7% in the 4th quarter. Erste Asset Management GmbH now owns 101,872 shares of the company’s stock worth $13,285,000 after purchasing an additional 9,000 shares in the last quarter. 99.77% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Teradyne news, CEO Gregory Stephen Smith sold 3,080 shares of the stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $130.00, for a total transaction of $400,400.00. Following the completion of the sale, the chief executive officer now directly owns 74,660 shares of the company’s stock, valued at $9,705,800. This trade represents a 3.96 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Richard John Burns sold 445 shares of the stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $111.49, for a total transaction of $49,613.05. Following the sale, the insider now directly owns 25,191 shares of the company’s stock, valued at approximately $2,808,544.59. This trade represents a 1.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 8,479 shares of company stock valued at $1,013,134. 0.36% of the stock is owned by corporate insiders.

Teradyne Trading Up 1.7 %

Teradyne stock opened at $86.74 on Friday. The firm has a 50 day moving average of $117.60 and a 200 day moving average of $120.38. The firm has a market capitalization of $14.03 billion, a price-to-earnings ratio of 26.05, a P/E/G ratio of 2.83 and a beta of 1.46. Teradyne, Inc. has a 12-month low of $82.98 and a 12-month high of $163.21.

Teradyne (NASDAQ:TER) last released its earnings results on Wednesday, January 29th. The company reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.04. Teradyne had a net margin of 19.23% and a return on equity of 19.08%. On average, analysts predict that Teradyne, Inc. will post 3.88 EPS for the current year.

Teradyne Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 14th were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 0.55%. The ex-dividend date of this dividend was Friday, February 14th. Teradyne’s dividend payout ratio is 14.41%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on TER shares. KeyCorp lowered their target price on shares of Teradyne from $150.00 to $140.00 and set an “overweight” rating on the stock in a research note on Wednesday. JPMorgan Chase & Co. lowered their target price on shares of Teradyne from $145.00 to $120.00 and set an “overweight” rating on the stock in a research note on Wednesday. Northland Capmk upgraded shares of Teradyne from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 6th. Morgan Stanley lowered their target price on shares of Teradyne from $112.00 to $81.00 and set an “underweight” rating on the stock in a research note on Friday. Finally, Northland Securities lowered their target price on shares of Teradyne from $154.00 to $140.00 and set an “outperform” rating on the stock in a research note on Friday, January 31st. Two research analysts have rated the stock with a sell rating, three have given a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $121.44.

Teradyne Profile

Teradyne, Inc designs, develops, manufactures, and sells automated test systems and robotics products worldwide. It operates through four segments; Semiconductor Test, System Test, Robotics, and Wireless Test. The Semiconductor Test segment offers products and services for wafer level and device package testing of semiconductor devices in automotive, industrial, communications, consumer, smartphones, cloud, computer and electronic game, and other applications.